Results of the regular consultation cements TPMEXs leading position in providing accurate and relevant benchmarks for the MPF Scheme
Online PR News – 17-January-2016 – TPMEX today announces enhancements to the TPMEX MPF Index Series, resulting from the market consultation.
Capping percentage threshold set at 9%; to be implemented monthly rather than daily; New valuation factors monthly report to support detailed analysis; In response to the market feedback from the consultation, the capping percentage threshold has been set at 9% using prices adjusted for corporate actions as at the close of business on the second Friday each month. The capping frequency has also changed from daily to monthly. In addition, a new monthly valuation report will provide the Taiwans investment community with detailed analysis to support the community in making informed investment decisions.
TPMEX also plans to expand the range of benchmarks and launch a TPMEX MPF Offshore Bond Index Series. The indices will reflect regulatory requirements and investment restrictions applied to MPF investment in debt securities.
Yang H. Guohui, CEO of Taipei Mercantile Exchange: Benchmarks used in the MPF Scheme are important to members providing an objective basis of evaluation. TPMEX has worked closely with market practitioners to incorporate specific MPF requirements and ensure the TPMEX MPF Index Series remains the most representative and relevant series of benchmarks for the MPF Scheme.
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